Kerala High Court modifies relief under Income Tax Act, Assessing Officer to recalculate, Tribunal decision upheld

The High Court of Kerala partially allowed the appeal, overturning certain orders related to relief under Section 80HHC of the Income Tax Act. The Assessing Officer was instructed to recalculate the eligible relief in accordance with a Supreme Court ruling, with the assessee granted an opportunity. The Tribunal's decision on the final issue was upheld.

---

---

The High Court of Kerala allowed the appeal in part, setting aside the Tribunal and C.I.T.(Appeal) orders regarding relief under Section 80HHC of the Income Tax Act. The Assessing Officer was directed to recompute the eligible relief following a Supreme Court decision and giving the assessee an opportunity. The Tribunal's order on the last question was confirmed.

---